Mozambique can sue shipbuilder in UK over corruption

The UK Supreme Court has ruled that Mozambique can sue the shipbuilder Privinvest in Britain, over allegations of bribery linked to a corruption scandal that caused a financial crisis.

Privinvest denies wrongdoing.

A decade ago three newly established companies in Mozambique took on debts of more than $2bn (£1.6bn) - much of it without the knowledge of the country's parliament.

The loans were for government-sponsored investment schemes including a maritime security fleet and a tuna fishery project.

Mozambique alleges that more than $130m in bribes were paid to corrupt officials and to Credit Suisse staff.

The bank has already been fined hundreds of millions of dollars by international regulators.

This article originally appeared in BBC News.

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